Mixed-Use Restaurant and Office
566 W Lancaster Blvd Lancaster, CA 93534
566 W Lancaster Blvd, Lancaster, CA, 93534
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For Sale
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Turnkey dual-use property with a fully equipped restaurant and remodeled office featuring 10 private offices.
Property Size4,000 SF
Price / SF$249.75
Days on Market117
Property Features for 566 W Lancaster Blvd
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Mixed Use, Office
Listing agency
Liberty Business Advisors
Listed by
Houmehr Mike Panoussi · License #01853627
Source
Crexi
Added: Mar 27 Updated: Jul 20 at 7:40PM Checked: Jul 20 at 7:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Business Advisors
Investment Insights
Based on property information with market context.
This mixed-use building is divided into two spaces: approximately 12,000 SF of restaurant space and approximately 12,000 SF of office space, for a total building size of about 24,000 SF. The restaurant area is presented as fully equipped and includes a fully equipped kitchen with a Type 1 hood system. The office portion includes reception/common areas, 10 private offices, and two restrooms, and is described as recently remodeled.
The property includes 12 gated rear parking spaces plus additional street parking, and features secure gated access. Additional reported improvements include new HVAC units and a paid-off solar system described as about $70,000 in value.
The property is identified as having commercial zoning covering retail, office, and restaurant uses, supporting flexible owner-user or investment strategies around the restaurant and office configuration.
The property includes 12 gated rear parking spaces plus additional street parking, and features secure gated access. Additional reported improvements include new HVAC units and a paid-off solar system described as about $70,000 in value.
The property is identified as having commercial zoning covering retail, office, and restaurant uses, supporting flexible owner-user or investment strategies around the restaurant and office configuration.
Key Highlights
- Two‑unit mixed‑use building with approx. 1,4000 SF total: approx. 1,2000 SF fully equipped restaurant plus approx. 1,2000 SF remodeled office
- Restaurant space includes a fully equipped kitchen and Type 1 hood system; formerly a La Michoacana location
- Office space features 10 private offices, reception/common area, and two restrooms; recently remodeled
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.6k | $26.40 |
| − Vacancy | −$5.8k | −$1.45 |
| EGI | $99.8k | $24.95 |
| − OpEx | −$24.9k | −$6.24 |
| NOI | $74.8k | $18.71 |
4,000 SF · lease $26.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$935.6K – $1.25M
NOI $74,844 @ 7.0% cap · market cap 7.49%
Second Best
Office B
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,951 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mental Health in the Antelope ...
Physician
Lancaster Psychology
Physician
Diagnostic Laboratories
Medical Clinic
Blossom Med
Nurse Practitioner
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Insurance Agency
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FAQs
What type of property is this?
Conventional restaurant - Turnkey dual-use property with a fully equipped restaurant and remodeled office featuring 10 private offices.
Where is this conventional restaurant located?
The property is located at 566 W Lancaster Blvd Lancaster, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit mixed‑use building with approx. 1,4000 SF total: approx. 1,2000 SF fully equipped restaurant plus approx. 1,2000 SF remodeled office; Restaurant space includes a fully equipped kitchen and Type 1 hood system; formerly a La Michoacana location; Office space features 10 private offices, reception/common area, and two restrooms; recently remodeled
